Verifone Inc. has introduced a software system for small and midsize retailers to manage networks of point of sale terminals.

The product, VeriTalk Lite, came on the market Monday and is being offered to banks and card processors in the merchant-acquiring business. Banks and processors can sell or lease the system to retailers that have up to 5,000 point of sale terminals to help them transmit and receive payment card information in a faster and more automated way.

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